ASSL1S LIA8ILI1ILS + CWNLkS' LUI1

ASSETS LIABILITES UWNERS' EQUITY

CUkkLN1 ASSL1S CUkkLN1 LIA8ILI1ILS LUI1
Cash noLes ayable 8eLalned Larnlngs
eLLy Cash AccounLs ayable Common SLocks
AccounLs 8ecelvable lncome 1axes ayable 1reasury SLocks
Allowance for uoubLful AccounL Salarles ayable AddlLlonal ald ln CaplLal
repald lnsurance unearned 8evenues
repald 8enL Lxpense lnLeresL ayable
Supplles WarranLy
1emporary lnvesLmenLs
lnvenLory

LCNG 1LkM INVLS1MLN1S LCNG 1LkM LIA8ILI1ILS
lnvesLmenL noLes ayable
8onds ayable
kCLk1 LAN1 AND LUIMLN1
Land
Land lmprovemenLs
8ulldlngs
Machlne LqulpmenL
AccumulaLed uepreclaLlon
CaplLallzed leases
Leasehold lmprovemenLs
AccumulaLed uepreclaLlon

IN1ANGI8LL ASSL1
Coodwlll
1rade Mark


n|gh||ghts

etty Cash Cash fund for small dlsbursemenLs such as sLamps envelops and papers
Account kece|vab|e 1he amounL LhaL you are golng Lo collecL/charge cusLomers for servlces already
provlded
A||owance for Doubtfu| Account AccounL recelvable noL expecLed Lo be collecLed however lf ln fuLure
Lhe cusLomer ls golng Lo pay for any amounL Lhe reserve LransacLlon musL be recorded promLly
Inventory lnvenLory conslsLs of maLerlals flnlshed good and work ln process
Land We donL depreclaLe land we do Lake depreclaLlons for bulldlngs
Goodw||| 1he old accounLlng rules allowed goodwlll Lo be amorLlzed up Lo 40 years 1he new laws
requlres goodwlll Lo be measured annually
1rademark 1rademarks are brand names such as 8MW Lexus Callllac and !aquar Consumers are
wllllng Lo pay a premlum prlce for a recognlzed Lrademarked brand
Current L|ab|||t|es 1he companys debLs are due wlLhln one year
Long term L|ab|||t|es Lhe debL LhaL are due more Lhan one year
Account ayab|e ls a llablllLy LhaL company owes Lo lLs suppllers
Note ayab|e ls a promlsed noLe Lo pay aL a cerLaln Llme
Unearned kevenues Lhe llablllLles LhaL Lhe company owes Lo Lhe cusLomers for Lhe servlces Lo be
performed ln fuLure Lxample) a LheaLer sold 1000 LlckeLs aL Lhe prlce $30 Lhus Lhe unearned revenue ls
$30000 Cnce Lhe play has already performed Lhe LheaLer can record lL as revenue
8eLalned Larnlngs Lhe proflLs generaLed by Lhe company
Common Stock Lypes of securlLles represenL Lhe equlLy ownershlp ln Lhe corporaLlon Common
sLockholders have voLlng rlghLs
1reasury SLock SLock reacqulred (boughL back) by Lhe company Lo be resold Lo Lhe publlc
a|d |n Cap|ta| CaplLal company recelved from lnvesLors for sLock